An industry-wide capacity loss of 15-20 per cent on the Far East to North Europe and Mediterranean market is anticipated during Q2 2024 by Danish shipping firm Maersk because of the latest threats of escalation of violence in the Red Sea.
The knock-on effects include bottlenecks and vessel bunching, as well as delays and equipment and capacity shortages.An industry-wide capacity loss of 15-20 per cent on the Far East to North Europe and Mediterranean market is anticipated during Q2 2024 by Danish shipping firm Maersk because of the latest threats of escalation of violence in the Red Sea.
The knock-on effects include bottlenecks and vessel bunching, as well as delays and equipment and capacity shortages.
